ENEL PRESENTS ITS INVESTMENTS IN NUCLEAR POWER IN SLOVAKIA TO EUROPEAN OFFICIALS

Published on Wednesday, 6 June 2007

The Chairman of Slovenske Elektrarne Paolo Ruzzini meets with representatives of European officials

Brussels, 6 June 2007 - The Chairman of Slovenské Elektrárne, Paolo Ruzzini, met today with a number of top European energy officials to discuss the investments of more than $2.2 billion planned by Enel’s subsidiary in Slovakia

During the meetings - which involved representatives of Energy Committee of the European Parliament, representatives of the European Commission, and the Green group - Ruzzini devoted particular attention to the plan to complete the Mochovce 3 and 4 units, emphasising that the technological standards of the upgrades implemented by Enel would put the facilities on the same safety and efficiency levels as those of Western power stations.

Ruzzini underscored that the project would be completed in line with the guidelines adopted by the leading international bodies, including the Western European Nuclear Regulators’ Association (WENRA) and the International Atomic Energy Agency (IAEA). The operational safety of the VVER440/213 reactors has undergone continuous improvement in the last 15 years: there are currently 24 plants of this type operating with excellent results in seven different countries. The safety systems that Enel plans to install will make the facilities comparable to third-generation nuclear power stations.

Enel’s investment in Slovakia is an integral part of its European growth strategy. In an increasingly integrated and competitive market at the continental level, Enel’s objectives are:

  • to achieve a well-balanced mix of energy sources and generation systems;
  • to promote CO2 emission-free technologies compliant with the Kyoto Protocol;
  • to minimize geopolitical risk, diversifying sources by energy commodity and country of origin.

Enel owns 66% of Slovenske Elektrarne, the leading generation company in Slovakia, which has about 5,000 Megawatt of capacity, of which some 1,800 from nuclear power. The remaining 34% of the company is held by the government of Slovakia.

Price Sensitive | June, 06 2007

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